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National Debt Advisors – Latest Posts
Debt Review Awards highlights those in the industry who set the bar high
The debt review industry is one that is often subject to criticism and stigmatism - which is very unfortunate, when you consider that thousands of consumers have received outstanding service and guidance from reputable debt counsellors, followed...
Watch out for financial scams
The cost of living keeps rising. People are desperate – and this makes them vulnerable to criminals and scams. SABRIC, the South African Banking Risk Information Centre, urges consumers to be sceptical of any investment that seems too good to be...
How do I get a clearance certificate if I don’t have a debt counsellor
Q+A: How do I get a clearance certificate if I don’t have a debt counsellor A question was posed by a Money Clinic reader: I opted for debt review when I divorced in 2009. As per settlement, I agreed to pay off all debt, which...
The cost of debt counselling
The National Credit Regulator (NCR) has recently reminded consumers that debt counselling is not offered free of charge. It is imperative that consumers understand this and are aware of the costs upfront. According to the NCR has set debt...
Debt Counselling according to the NCR
The National Credit Regulator put out the following release relating to debt counselling in August 2021. The National Credit Act introduced debt counselling in 2007 as a debt relief measure that could assist over-indebted consumers through...
Funeral fraud
Sadly, there are still conmen and women out there selling fraudulent funeral policies. This often means that when a death occurs and the family needs the money most – no payout is made. This will bring immense distress to families who had planned...
Long term and short term insurance Ombudsman
Insurance companies have been inundated with claims in 2021 - but people have also been lodging complaints against insurance companies in record numbers. Most insurance companies subscribe to Ombudsman schemes. An Ombudsman is an independent...
Women are worse off than men during the pandemic
Covid -19 has had had a negative, unbalanced economic impact on women, in comparison to men. Women across the world (not only in South Africa) generally earn less than men who do the same work. According to recent research released from advisory...
Evictions during Covid
The Covid-19 pandemic has had a huge impact on residential tenants ability to pay rent. This then negatively affects the landlord, who may be dependent on that rental income to service the home loan on that property, or may have allocated that...
All you need to know about the latest SASSA R350 grant
The R350 Social Relief of Distress grant is back in effect from the end of August 2021 till end March2022. However, there is still much confusion about the grant. Facts around the latest SASSA grants Applications opened on Friday 6 August...
Ombudsman for banking services
With the physical restrictions put in place because of Covid-19 lockdown, many banks have switched to interacting with their clients online. However, this seems to have increased the number of banking clients have with their banks. The Ombudsman...
South Africans need to start saving
July is Savings Month - but how much can South Africans really save in these turbulent times, especially since we still have the one lowest household savings ratios in the world, according to Prem Govender, the chairperson of the South African...
